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Men of March, March

March, Cambridgeshire, PE15 8EH

Your investment

£9,000

Agreement Type

Tenancy
  • Great edge of town centre location
  • Outside seating space
  • Commercial kitchen for small food offer

The Men of March is a detached building located on a sizeable corner plot close to the centre of March in Cambridgeshire just off the A141 between Peterborough and Kings Lynn. It’s on one of the main roads leading into March and is the only pub in the ‘West End’ area of town and as such is a community hub for locals. March is an attractive Market Town with a population of 22,000 and agriculture as well as food processing are key to the local economy.

Pub Layout

The Men of March operates from a main bar with an additional long corner server which allows most of the pub in sight while serving. The pub has two distinct trading areas, to one side you will find a dining area which covers for 24 diners and adjacent to this is a games area housing a pool table and darts board making this the ideal space to host local sports teams.  There is a well-equipped trading kitchen just off the bar and the toilets are upstairs with a disabled access toilet downstairs.

To the front and side of the pub there is a parking area and a recently complete external drinking area split into two areas, one having a paved seating area and the other an artificial lawned grass area making this suitable for all year round.

 

Th Men of March is key to the local community and is well supported through the locals who enjoy the pub for a drink and to take advantage of the sports offer here in way of the pool table, darts board ad televised sports. As advised, sports are key here and there are a number of teams in place. The food offer has increasingly become more important here to support the local community and would be welcomed by a relaunched quality value led menu fulfilling further potential here. Weekends are especially busy, in particular Friday nights and Sunday daytimes, making this a priority to focus on.

Private Accommodation

To the first floor you will find the private accommodation which is in good order and consists of three bedrooms, bathroom and a kitchen.

Annual Rent: £14,500

Security Deposit: £3,000 (deposit build available up to £5k)

Working Capital: £3,500

Stock: £2,500

F&F: TBC (Funding options may be available)

Training: £325 plus VAT

*Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Men of March would suit a community pub operator who would be driven to engage locals and get involved with sports teams. There is also an opportunity for a quality, but value led food offer which would be attractive to the locals.

It enjoys a decent visible location and is in good order throughout. There are plenty of opportunities to develop trade and be the hub of this side of March

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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